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Investing in a classic car

Investing in a classic car

There is something quite exquisite about the idea of driving one of the few models of the 2.7-liter 1976 Porsche 911 S. Be it for the elite, the nostalgia, or the feeling of success, the possession of a classic car lightens up the gray routine. Moreover, it can bring celebration not only to your heart… but also to your wallet!

As the world economy recovers after the late 2000s crisis, people invest more and more in tangible luxury goods rather than stocks and bonds. And classic cars are in the lead in performance indexes of valuables, outperforming wine, art, and watches. According to Hagerty, a collector insurance company, collectible Ferraris alone have shown an astonishing increase in value by 62% for the past year.

Is investing in a classic car worth it?

Here are some reasons that may persuade you that investing in a stylish classic could be your destiny:

  1. Classic cars are usually produced in limited supply thus making a valuable collectors’ hard asset! If you do your research and know your math, you might end up in possession of the only model left in the world.
  2. Classic automobiles are a good investment if you don’t want to simply keep your cash in a bank. Besides, the bank interest rates are never worth it anyway. Even if you just keep the car in a garage, in a few years, you may be a millionaire!
  3. If you are a car guy (or a car girl) and you have the resources, this could be the most suitable hobby for you! Like collecting art, it requires knowledge and appreciation for details and uniqueness – but it is increasingly more profitable.
  4. The search for your classic will be an adventure in itself. The more unique the car model is, the better is the potential for appreciation in the future.
  5. It will definitely bring some nostalgia. But it will also make you stand out among the clutter of mass production in the automotive industry. It is very likely to increase your self-esteem, too.
  6. Classic car auctions continue to increase in number and frequency throughout the whole country. And you never know what you may find on your next visit – the excitement grows with every new year, and new city!
  7. After all, drive that Aston Martin DB5 in James Bond-style which drives women crazy?
  8. You have the chance to join one of the clubs of classic car enthusiasts in the country. There, you will meet new people, exchange knowledge and get advice on maintenance tips. If you have an entrepreneurial spirit, you may decide to start such a club in your country as well!
  9. The benefits of owning shares are not even close to the excitement of riding in a Ferrari 400 (and we are being modest). Buying with your heart and not with your wallet is sometimes the smarter option!
  10. Did we mention that James Bond look? Just a reminder: Women love it!

What are the challenges of investing in a classic car?

  1. Keep in mind the total cost of ownership! Because a classic car is not simply the price you pay for it. It includes the additional costs of refurbishing, maintenance, insurance, and storage. It adds up. Not to mention transporting a classic automobile to and from car shows or other events.
  2. With the growing trend of investment in vintage rides, there is a constant increase in the cost of restoration parts and labor.
  3. Be aware that this is not a market for amateurs. You need a great amount of knowledge in order to evaluate and appreciate the right model. As much as we don’t like it, for every investor that earns from his risky choices, there are hundreds that lose tons of money.
  4. The illiquidity of a vintage car will unable you from quickly exchanging it for cash. You may have to think about the future needs of your family in advance.
  5. Did we mention the budget limitations? Some of the best models may cost up to $30,000,000.
  6. Motoring organizations advise you to carefully consider your choice. If you are not knowledgeable (or simply not lucky) enough, you might as well be buying a “death trap”. The professionals say that classics are not resistant enough to handle a collision with modern vehicles. So you have to keep that in mind and adjust your driving.

What else should you know before investing in a classic car?

Finally, before putting your savings in a vintage muscle car, make sure you check what’s hiding in your parents’ wooden barn! If you are the lucky type, you may as well encounter what car collectors call “a barn find”. Very often, the real treasures hide under layers of dust and scrap. You never know – there might be a 9.2 million jewel buried in dust.

If, in the end, you decide you are not willing to invest in a most-wanted 1960s classic, then you may as well give yourself the pleasure of riding in the oldies that Cubans drive as taxis! You can find beautiful classics restored by the local mechanics everywhere around the streets of Cuban cities.  If after all the investment estimates, you’ve become less of a big vintage enthusiast, you might be just as happy with a glass of rum and a cigar on a Havana beach instead!

Moreover, if you find your soul classic car, shipping it home, or to a car show, does not have to be a challenge anymore. You just need to find the right shipping company.

Corsia Logistics has over a decade of experience shipping classic cars. Our logistics experts will help you navigate the world of classic car shipping and offer support throughout the whole process. Feel free to call us at 818.850.5258 or chat online to tell us about your classic car and to get your free shipping quote.

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Looking for a logistics company, to ship my car, from California to Illinois,my first search, then Corsia showed up, skeptical. Call and a very friendly secretary: Elena. She guided me through, I scheduled and as she explained, all when smooth as scheduled Very happy I did the right choice. I'll recommend this great Company to anyone that is thinking to relocate a vehicle. Thanks Corsia logistics for your honesty and professionalism!
Elizabeth Woodward
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Corsia was highly recommended by a friend in the automobile industry. We needed to transport a cargo van from Seattle to Florida. We contacted Corsia who quickly arranged transport within just a few days. Communication was outstanding! Just a few email confirmations and we were all set. Mike was great and arrived right on time and delivered to Florida on schedule. Tip-avoid the hornets nest of auto brokers on line and just contact Corsia for a truly great experience!
Carrol Tiffany
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Corsia has been amazing. Their prices are really competitive but more importantly their customer service has been 5-Star. Elena followed up with me every step of the way, making sure there was no miscommunication between me & the driver. We are using them to ship a 2nd vehicle & would not hesitate to use them again!
Tony Boyd
Definitely recommend
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I have recently used Corsia for long time family car with sentimental value that was moved I have recently used Corsia for shipment of my vehicle from Oregon to Arizona by recommendation from other family member who also used Corsia in the past. I am very pleased on the service and the communication throughout shipment. Ken was my direct contact and kept me informed along the move The car was picked up and delivered as communicated. I did use a enclosed mover and the driver was also clean cut professional and treated car as his own. I would definitely recommend Corsia again with the experience I have had. Thank you. T
Top notch
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Top notch Transport - Porsche 997 Top notch! As easy and efficient as one could possibly imagine. Great customer service.. thank you Luke. Great prices. Check. Timely communications. Check. Clean transport trailer. Check. Supremely careful driver. Check. Timely arrival. Check. Don't mess around elsewhere, just call Corsica and feel confident your transports needs are going to be exceeded. My Porsche 911 rode like a Queen in her enclosed chariot. I've never needed a transport company before, and I surely will use them every time. Do yourself a favor, seriously. Call now.
Geet Mp Haryana
Reliable, efficient
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Corsia rep (Elena) was very proactive. Helped ship a car from CA to GA. She checked in with me via email quote and several phone calls to find me the best possible quote for the fastest available service. After several communications, Corsia was able to schedule a vehicle pickup the next day. The driver communicated well, and the vehicle arrived in final destination faster than we expected in perfect condition. I highly recommend using Corsia's reliable, efficient service.
Cay Liptak
Clean, efficient, wonderful
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Thanks, Corsia! Pickup was so clean, efficient, and wonderful -- my only recommendation is to make sure you schedule it during the day so you can fully review the car in the daylight. Drop off was equally wonderful, and the whole trip went down without a hitch (pun intended!). Seriously, Corsia delivered my Jeep from CT to California with no issues or bumps in the road!
Csaba Kovesdy
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Corsia Memphis to LA, mid-size SUV. I looked at 4 different companies amd Corsia was the most responsive of them. While being responsive, they were not unduly aggressive: when I indicated that I need to wait a month before making a decision they stopped contacting me and only came back with a reminder when I really needed it. Once I decided to engage Corsia they found me a transport within two days and the car was delivered (from Memphis to LA) in another two days. I had a truly positive experience.
Kelly Torres
Highly recommend
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Working with Corsia Logistics was a great experience. Working with Corsia Logistics was wonderful. They were able to find a driver right away to transport our car. They were in constant communication as to when the car was getting picked up and dropped off. The driver also communicated with me as to when he would arrive. I would highly recommend Corsia Logistics.
Amy Nelson
Excellent Organization
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Corsia was an excellent company to work with while I transferred my car across the US. A friend of mine suggested I use them as they had been very organized and trustworthy with her own car. I researched a few different place but decided to go with Corsia and I'm so glad I did! Any questions I had throughout the process they answered quickly and clearly. I would definitely use them again in the future and recommend them for others to use.